Category Archives: News

Tennessee Legalizes Online-Only Sports Betting

Though there were other states considered to be front-runners, Tennessee has legalized sports betting, albeit in unusual fashion. SB 16 passed through the Tennessee Senate, and will become law July 1 st , even without the governor’s signature. Tennessee’s governor, Bill Lee, has always opposed gambling but his spokesperson confirmed that he will not veto the bill. There was a good bit of opposition from both sides of the aisle, primarily because sports betting will take place solely online. At this current juncture, almost every form of gambling is illegal in Tennessee. By virtue of that, this decision could not come as more of a surprise to some.

Even stranger is that, of the few states that have legal sports betting, Tennessee will only facilitate betting online. There is virtually zero gambling/casino infrastructure in the state, so the only viable way
to make sports betting attractive from a tax revenue perspective is to offer sports betting in, quite literally, every inch of Tennessee land.

How It Happened

SB 16 was the brainchild of two Senators from different parts of the state and from across the aisle. Steve Dicerson, a Republican from Nashville, teamed up with Rick Staples, a Democrat from Knoxville, and introduced the bill that did not pass with any sort of ease. In the Tennessee House of Representatives, the bill passed by a vote of 58-37, while the Senate vote was even tighter, at 19-12.

There was a lot of debate—perhaps even more than we have seen in other states—because the bill was exclusively for online sports betting. The main point from opponents was that the fact that mobile betting can take place from literally anywhere, gambling addictions will be created and exacerbated more easily than they are in states where one has to travel to a physical location in order to place wagers. Despite this opposition, the estimates of more than $50 million in tax revenue seemed to be more than enough to convince most Representatives and Senators to vote in favor of the bill.

As it stands, online sports bets can begin being placed in Tennessee on July 1st . You must be 21 in order to place wagers, however there is not much known at this time how that age requirement is going to be enforced.

Competing Against No One

This bill might have seemed a bit rushed, and part of that was by design. Tennessee has only one neighbor (Mississippi) that has legalized sports betting, so the thought is that a lot of out of state money might come into play, further boosting projected tax revenues. This means that, of the 8 states that directly border Tennessee, 7 of them are without legal sports betting options.

It may come off as a bit far-fetched to expect people to drive across state lines simply to place sports bets, but it may very well influence a sports bettor who is deciding between, for example, a trip to Nashville or a trip to Atlanta, where sports betting is not legal. At the end of the day, any tax revenue created from out of state bettors is more than what is currently being banked, and that alone is a major part of the reason Senators and Representatives voted in favor of the bill.

What’s more, tax revenue from the legalization of sports betting will be set aside for the state’s education system, which is amongst the worst in the country.

The legalization of sports betting is a trend that seems to be catching on in every state. Not only are there no less than 10 other states considering making the move, Indiana, just this week, also legalized sports betting.

New Jersey Sports Betting Championship Ends in Controversy

The New Jersey DraftKings Sports Betting National Championship was meant to be a celebration. It was a time to toast the future of sports betting. The sports betting championship was a historical event, the first of its kind to take place after the Supreme Court ruling in May ending the federal ban on sports betting. And the first-ever winner of the historical DraftKings Championship was Randy Lee – a New Jersey poker dealer – who took home the winnings in his bankroll, plus an additional $1 million first place prize.

Winning over $1 million is a reason to celebrate, to say the least. But rather than ending in the clinking of champagne glasses, the Championship ended in frustration. Professional sports bettors and other participants cried foul after an early Championship leader was unable to place his final wager before the kickoff of the NFC divisional-round game between the Philadelphia Eagles and the New Orleans Saints.

The DraftKings Sports Betting Championship

The DraftKings Sports Betting Championship was a unique event in the gaming world, as the Championship took place entirely on the DraftKings Sportsbook’s mobile app. Championship required bettors using the app to be physically present in the State of New Jersey. The contested featured a $2.5 million prize pool, with a $10,000 buy in.

At first, the event looked like a success. More than 200 bettors from all across the nation traveled to the New Jersey DraftKings Sportsbook to pay their $10k buy in and enter into the 3-day contest. Things were moving along smoothly on both Friday and Saturday of the competition. Betters were allowed to bet on pretty much anything they wanted, with the exception of the last day of the competition. On Sunday, gamblers could only bet on the two NFL playoff games. And since the DraftKings Sportsbook was scheduled to stop accepting wagers after the start of the second game, plenty of participants were confused by the event.

Sports Betting Competition Closes in Controversy

It wasn’t the bets that were placed that lead to the notion of foul play at the DraftKings Championship, but rather those that were prevented from being placed.

Professional sports bettor Rufus Peabody was in the lead on the third day of the Championship. Things were looking good for the professional sports bettor, as he was on a winning streak. Peabody was in pole position heading into the final bet of the contest, and was weighing his options to place an all-in wager on the last play of the night. It looked like he was set to win. But his chances were squashed when the first game ended at 4:37pm, just minutes before the Eagles-Saints game. Under normal circumstances, a few minutes would be plenty of time to place a quick wager. However, the Championship leaders account never updated with the latest funds before the start of the second game.

As a result of the wager cutoff, Peabody was prevented from placing a wager on the final play. Peabody’s 50/50 chance at the $1 million payoff was crushed, pushing the professional sports bettor to publicize his experience by tweeting a picture of his account balance right before the second game commenced.

To make matters worse, apparently Peabody wasn’t the only gambler to be excluded from placing a wager on the second game. According to Peabody’s Twitter accounts, at least three other top-seven finishers were unable to place wagers before the Eagles-Saints game due to the same problem. All in all, the issue cast a dark shadow over an otherwise incredible win. Hopefully, the DraftKings event will serve as a warning to other organizations looking to cash-in on organized sports betting events: make it fun, and make it fair.

Pennsylvania Casinos See Plenty of Action Heading into NFL Playoffs

Written By: Kayla Sherrell

After the Supreme Court ended the federal ban on sports betting last year, Pennsylvania did not dawdle in bringing legalized sports betting to the state. Legalized sports betting creates an exciting atmosphere amongst sports fans and professional sports teams in Pennsylvania, which serves to heighten the experience for players, casinos, and football fans. This is particularly true with NFL playoffs already underway.

Pennsylvanians Spend the Playoffs in Casino Sportsbooks

Pennsylvanians are well-known for their enthusiasm over professional sports. They’ve been more amped than ever to kick off the 2019 NFL playoff season, and with sports betting recently legalized in the Commonwealth, sports fans have more reason than ever to tune in.

This year’s NFL playoff season marked the first time Pennsylvania football fans were allowed to wager on their favorite NFL sports teams in legal sportsbooks within the state. The commencement of this year’s NFL playoffs made history, as football fans lined up in casino sports books throughout Pennsylvania to place wagers on sports teams. And of course, plenty of Pennsylvania’s casinos are cashing in on the action.

SugarHouse Casino sportsbook’s debut was a good example of how legalized sports betting will operate alongside the 2019 NFL playoff season. SugarHouse Casino brought a whole new experience to Pennsylvania football fans. Sugarhouse set up its sportsbook with luxury seating, table-side service, and HD flat screens. Football fans can the luxuries provided by SugarHouse sportsbook while placing wagers on their favorite football teams. This super-luxe experience is sure to attract plenty of new fans to the ever-popular NFL franchise.

Sports Betting in Pennsylvania: Only the Beginning

Pennsylvanians have always been big sports enthusiasts, so it wasn’t surprising when the state launched legal sports betting last November. Since this time, Pennsylvania’s casinos have taken the opportunity to begin implementing their own sportsbooks. This is true for four casinos in particular that are currently accepting sports bets: Hollywood Casino at Penn National Race Course, Rivers Casino, SugarHouse Casino, and – most recently – Parx Casino. And there’s no two ways about it: Pennsylvania’s sports fans are loving it.

The first NFL playoff sports wagering event Parx Casino’s temporary sportsbook began accepting wagers right in the nick of time to take advantage of the surge in business coming from the NFL playoffs. Other sports books are expected to follow suit in the coming months, and the landscape of Pennsylvania sports betting has only just begun to take shape. The recreation has already created numerous opportunities for sports teams, fans, and casinos, alike. As many other territories are expected to follow Pennsylvania’s lead in the new year, we’re sure to see more jurisdictions legalizing sports wagering and capitalizing on the tax revenue.

Colorado Joins the Race to Legalize Sports Betting

Written By: Kayla Sherrell

The race to legalize sports betting is on. After states like Delaware and Pennsylvania experienced early success, other jurisdictions – including Colorado – are looking to join the second wave of states to legalize gambling on professional sports. Whether legal sportsbooks are coming to Colorado is far from certain, but state officials appear to be approaching the concept with a rational and open mind.

Colorado State Attorney General Looks to Expedite Sports Betting Laws

Until recently, legal experts believed that Colorado’s state constitution would need to be revised in order for sports betting to be legalized. On August 2nd of last year, however, Colorado’s State Attorney General’s Office released an official statement. The statement explained how the legalization of sports betting could be accomplished using a statue rather than a constitutional amendment. This would expedite the legalization process for Colorado gambling enthusiasts, as passing a statue is far quicker and easier than amending a constitution.

Colorado’s decision to start planning the implementation of legal sports betting is a good policy, as states that have gone ahead to legalize gambling on professional sports are raking in dough hand-over-fist. An economics study held by Oxford University estimated that legalized sports betting in Colorado could earn over $300 million in revenue for the state each year. The Colorado Department of Revenue has already started preparing for the arrival of sports betting, and they’re practically counting the gaming-related tax revenues already.

Colorado Legislators Advocate for Sports Betting

Colorado lawmakers are fighting to see sports gambling legalized throughout the state in 2019. State Representatives Cole Wist and Alec Garnet have advocated for the legalization of sportsbooks, arguing that that the payout for legalizing an American pastime that currently takes place illegally behind closed doors is well worth the political risk they may suffer for supporting the concept. And fortunately for Representatives Wist and Garnet, they’re not alone.

Colorado state legislators from both parties have continued to advocate for sports betting to become a legal recreation in the state. However, regardless of this enthusiasm, the legislature is committed to considering voter opinions about finding the best approach to legalization of sports gambling.

Colorado Takes a Cautious Approach

Legalized gambling has been put before Colorado voters multiple times. But, the past eight attempts at legalizing sports betting in Colorado have been all but squashed by the democratic process. Whether advocates in the legislature will be able to convince voters of the potential benefits of sports betting remains to be seen. However, even with voter resistance to legalized sports betting, policymakers are starting to sketch out the details of what sports betting will look like in Colorado’s future.

The Department of Revenue has come to the conclusion that it makes more sense to profit from and regulate sports betting, rather than let it continue on the black market uncontested. And, if the state’s progressive stance on the legalization and taxation of other formerly black-market activities – namely, the legal marijuana industry – serves as a sign of what’s to come, we’re sure to see creative and solution-oriented sports betting laws out of Colorado very soon.

Washington DC Becomes Latest Jurisdiction to Legalize Sports Betting

Written By: Kayla Sherrell

Lawmakers in Washington D.C. are used to making history, and on December 18th they did it again by making the nation’s capital the first U.S. jurisdiction without preexisting casinos to authorize sports books. The D.C. Council voted 11-2 to authorize gambling on professional sports through mobile apps and at the city’s sports arenas, stadiums, restaurants, liquor stores, and other private businesses.

D.C. Looks to Cash In on Sports Betting

This past summer, the Supreme Court overturned the federal law prohibiting sports betting outside Nevada. In doing so, the Supreme Court has opened up new avenues for lawmakers and state officials across the nation. As of the time of writing, state and local legislators are scratching their heads, working hard to find new sources of tax revenue from legalized sports betting for to fund critical public projects and constituent communities.

D.C. is looking to cash in on the revenue created by legalized sports betting. The local Office of the Chief Financial Officer estimated that legal sports betting should bring in upwards of $92 million in tax revenue for city coffers over the next four years if operations are taxed at a 10 percent tax bracket. The majority of that tax revenue will likely go to the general fund. However, the bill reserves annually $200,000 for gambling addiction treatment and $1 million for violence prevention and early-childhood care.

Without Casino Gaming, DC’s Lottery Oversees Sports Betting

Washington D.C. does not allow casino gaming, which means it does not have gaming regulations or a commission to enforce them. To ensure that sports betting will be regulated properly in the jurisdiction, however, the new regulate-and-tax wagering policy will be overseen by the D.C. Lottery. Soon, the Lottery will start selling licenses to sports books at D.C.’s stadiums and arenas.

Licenses will be offered for terms of two and five years; a five year license will cost sports books about $250,000, and a two year license will run around $5,000. Currently there is no limit on the number of licenses a sportsbook may purchase. Gamers can place wagers at private businesses and establishments as well as through a mobile application, so there will be plenty of options for D.C.’s gamers. The D.C Lottery will have exclusive rights to operate the mobile betting app available to D.C. residents, which is expected to be the most popular source of sports wagering.

D.C. Joins Growing Number of Pro-Gaming Jurisdictions

Sports betting may have been prohibited by federal law, but by no means did this mean such wagers were uncommon. Sports betting enthusiasts have long advocated for legalization, since people in the U.S. already participate in gambling and wagering on sports and will probably continue to do so whether the recreation is legal or not. Therefore, government officials are looking at the end of the federal prohibition on sports betting as a new opportunity. After all, they may as well tax and regulate the realm of professional sports gambling so that communities could benefit from the extra tax revenue brought in by an activity that is finally rising up from the underground.

Washington D.C. has become the latest jurisdiction to create a legal structure for the regulation and taxation of sports wagering, but it’s certainly not going to be the last. As regulated sports wagering continues to grow across the country, gaming enthusiasts are sure to see new opportunities for wagering every day.

New William Hill Betting Lounge Comes to Prudential Center in Newark

Written By: Kayla Sherrell

Ever since sports betting was legalized in the Garden State, the sports gambling market in New Jersey has been on the rise. Resident gamblers have already shown their support by placing around $1 billion dollars in bets at local casinos and race tracks in just the past 6 months. This has raised approximately $8 million in tax revenue for the New Jersey treasury, and returns are only expected to only go up from there.

Sports betting in New Jersey is booming, and both investors and officials are moving in on this lucrative new industry. Casinos and state officials alike are looking to integrate betting facilities into more sports-related establishments than ever before. And, due to the enthusiasm of New Jersey’s residents over legalized gambling, Garden State hockey fans will soon see a new sports betting lounge in Newark’s Prudential Center.

Devils Fans Get a New Betting Lounge

To the excitement of New Jersey Devils fans, the Prudential Center in Newark recently added the new William Hill Sports Lounge to its facility. The lounge will allow sports fans to make wagers in a comfortable environment with top-of-the-line facilities. And to the thrill of New Jersey gamblers, it’s being run by one of the top sports bookmakers in the country.

William Hill and Harris Blitzer Sports & Entertainment recently signed a multi-year partnership with the owners of the New Jersey Devils professional hockey team. The deal, which was signed in October, will gave the bookmaker a physical presence at the Prudential Center. The William Hill Sports Lounge opened on December 14, and it’s already providing amenities to local sports betters. The agreement also gives the bookmaker rights over some digital and radio broadcasts on the Devils Hockey Network, the Devils’ digital and social media channels, and the Prudential Center’s exterior marquee LED billboard.

William Hill Sports Lounge Makes Its Debut

The William Hill Sports Lounge opened up to take bets the moment the Devils stepped onto the ice on December 14. The lounge’s debut kicked off with a ribbon cutting ceremony, featuring former Devils players Ken Daneyko and Chico Resch. The viewing center featured enormous video screens and featured updated odds on sporting events for fans with mobile betting apps. Updated league-wide odds will continue to be displayed on the gigantic four story tall Prudential Center’s scoreboard, during Devils games.

In addition to having the most current gambling technology out there, several William Hill staffers stay at the ready to answer any questions or address any concerns gamblers may have while enjoying the lounge. But don’t be mistaken, the lounge isn’t your typical velvet-couch scene. The William Hill Sports Lounge is a bit unusual in that it contains no seating area for gamblers. However, this move is much more intentional than it seems at first blush.

The betting scene in New Jersey is thriving, but the state prohibits in-person cash bets. At the Prudential Center, hockey fans are able to bet from their seats while using mobile online sports betting apps. No cash exchanges hands, but customers get the fun and excitement of sports betting in real time. Advancements like this go to show why the Supreme Court overturned the outdated and unnecessary federal ban on sports betting in the first place, and gaming enthusiasts across the country are looking forward to what’s coming next.

Missouri Will Likely Require its Sportsbooks to Pay Additional Royalties

Written By: Kayla Sherrell

Missouri lawmakers appear to be intent on imposing some form of fee on licensed sportsbooks. As if gambling isn’t already expensive enough, policymakers in the Midwest are considering adding fees on sportsbooks in addition to what is already paid in taxes, application fees, and other costs. While players and bookmakers are grumbling about these new fees, they’re providing important revenue streams to Missouri’s schools and public oversight.

The Missouri Legislature Proposes a New Sports Betting Bill

Representative Cody Smith recently became the second politician in Missouri to pre-file sports betting legislation, which includes the new fees. Smith’s bill emphasizes that the royalties from this fee will be paid to public universities and used only for athletic compliance.

The sports betting bill has already been pre-filed and will include charging a 1 percent integrity fee, of total sports handle to licensed sportsbooks. Smith’s bill also includes a $5K annual administrative fee and a reinvestigation fee of $10K, which will be used every five years to perform a complete reinvestigation of the certificate holder of the establishment.

Fees Allocated to Athletes

The revenue generated from the integrity fee will be split up into two parts: 25% will be paid to the National Collegiate Athletic Association (NCAA), specifically for the wagers placed on games, the other 75% will go to registered professional leagues. Sports handle estimates that around 25 percent of a typical sportsbooks’ gross revenue would cover the 1 percent fee.

There is an upside to Smith’s sports betting bill. The bill puts sportsbooks in a favorable tax situation by calling for a 6.25 percent of adjusted gross revenue, which is one-half percent lower than Nevada’s. Smith also put in his bill that the tax revenue would be recouped in education and directed toward “Gaming Proceeds and Education Fund.”

Smith’s bill is somewhat unique because it represents the first time a bill has been filed in a U.S. statehouse that specifically targets royalty payments to the NCAA. However, it remains to be seen how Missouri’s laws will function as-passed. Right now, there is a competing bill pending in the Missouri legislature that requires an integrity fee of only 0.5 percent of handle, which would be be siphoned into the ‘Entertainment Facilities Infrastructure Fund’ to build, maintain, and renovate sports or cultural facilities. This goes to show that Missouri – just like the rest of the nation – is still fleshing out it’s approach to regulating and taxing legalized sports betting.

Most States Take a Different Approach

As of the time of writing, eight states in the U.S. have officially legalized sports betting. This became possible only recently after the Supreme Court over-ruled this component of federal anti-gambling policy. However, few if any are following Missouri’s lead.

For the most part, states are competing for new gaming industries, not imposing royalty or integrity fees. Other states have also not indicated their intentions to pay the NCAA or the professional leagues any sort of fee, at least thus far. West Virginia recently rejected the idea outright, and Jim Murren, CEO of MGM Resorts International, spoke out against the notion as well.

MLB Establishes Sports Betting Partnership with MGM

Written By: Kayla Sherrell

The Major League Baseball Association recently announced a new partnership with MGM Resorts International, making MGM Resorts the official gaming sponsor and entertainment partner of the MLB. The baseball league and MGM have entered into a broad-ranging multiyear sponsorship agreement that will allow MGM Resorts to have exclusive access to the league’s statistical data and enhanced stats. MGM will most likely use this data to set betting lines accurately and efficiently.

Data rights will not be exclusive to MGM, as the MLB plans to sell its data to other operators as well. However, MGM will have exclusive rights to the advanced statistics of the MLB which would include exit velocity of a home run, route efficiency, and other information.

Some baseball fans may be a bit surprised by this news, as the league had expressed its wishes to remain autonomous from sports wagering to avoid a repeat of the 1919 Black Sox scandal. However, the league was presented with a conundrum this past summer, when the Supreme Court overturned the ban on legalized sports betting and wagering. The MLB had a choice to either push aside old fears and bring baseball back into the center of the attention, or lose the opportunity to breathe life back into this beloved American sport.

MGM and MLB Working Together

MGM and MLB teaming up is a big deal for baseball fans, primarily because MGM Resorts is a strong industry leader in the sports gaming region. Together MGM and MLB can work together to bring new innovative ideas to enhance the experience of both baseball fans and MGM sports gamblers.

In addition to MGM using the baseball leagues official statistics feed in its sportsbooks, MGM will also use league and team logos in MGM advertising. This may prove to be a good business maneuver on the MLB’s part, as MGM will be present at a few high-ranking advertising opportunities. This includes the All-Star Game, overseas grassroots events, and of course the World Series.

At this time, it is safe to say that both parties are equally thrilled by this business transaction. By joining forces with MGM, the MLB will get access to a well-respected, trusted, and highly experienced gaming operator. It will also see a new potential client base, as the deal includes access to new advertising. MGM will also greatly benefit from this deal, as the International Resort plans on using the MLB’S digital and broadcast platforms to promote its brand and gaming options.

Tying Up Loose Ends

MLB isn’t without its hesitations. The league has major concerns over jumping back on the sports betting wagon, particularly regarding the possibility of corruption. The MLB will be collaborating with MGM Resorts to work on outlining measures to create a responsible gaming environment and to protect the integrity of the game on and off the field.

MGM has truly taken the front lines by storm and created their own niche in sports wagering by entering into similar deals with the NBA and NHL during their off season. Additionally, the MLB has made a revolutionary step by revising their hardline opinion against casinos and sports wagering to the benefit of baseball fans and sports entertainment.

Gambling Industry Leaders Discuss Future of Legalized Sports Betting at Washington D.C. Summit

Written By: Kayla Sherrell

Legal sports betting has been sweeping across the nation. The Supreme Court overturned a 25-year old federal ban on the practice earlier this year when it struck down the Professional Amateur Sports Protection Act (“PASPA”), which prohibited single-game sports betting outside of the state of Nevada. Since the sports betting has been legalized nationwide, state officials and gaming companies alike are quickly moving to explore opportunities to capitalize on the freshly-minted sports wagering industry. Just recently, this culminated in the U.S Sports Betting Policy Summit in Washington D.C.

Lawmakers Encourage Market Capitalization While Curbing Illegal Gambling

The U.S Sports Betting Policy Summit in Washington D.C. brought together leaders in sports wagering, lawmakers, and sports gambling business insiders to discuss the future of legalized sports betting. The conference on Capitol Hill lasted for nearly four hours and was held by the sports data company Sportradar.

The event featured discussions between several significant casino stake holders and lawmakers including; Ohio State Sen. Bill Coley, Michigan state Rep. Brandt Iden, Vice President of Race and Sports Operations for Stations Casinos: Art Manteris, and Stanton Dodge: Chief Legal Officer for DraftKings.

Lawmakers and leaders discussed some of the best possible ways to capitalize on the termination of the federal ban while simultaneously triumphing over the illegal gambling market. Lawmakers addressed the construction of effective anti-money laundering policies and other current issues in U.S sports betting policy. Likewise, industry leaders discussed thinks like the use and access of data, licensing, integrity fees, and how in-arena betting can blur the lines between gambling in stadiums and casinos.

Gambling Regulators and Industry Insiders Make Strange Bedfellows

States are able to set their own rules and regulations regarding sports betting, and as a result new sports betting bills are popping up left and right. At this rate, we may be looking at a different set of rules and regulations on sports betting across all 50 states.

This concept is a bit unnerving to policy makers and sports gambling enthusiasts, as the fluctuation in rules and regulations can easily lead to confusion and unintentional rule violations. However, absent a sweeping movement towards uniformization, gambling institutes and sports wagering enthusiasts alike may need to familiarize themselves with each state’s laws and regulations. This is particularly true when looking to continue recreating in sports wagering across state lines.

Many regulatory experts raise an eyebrow whenever lawmakers and industry insiders get together to craft policy. However, this approach does have its advantages. By allowing regulated parties to be involved in the rulemaking process, agencies are often able to develop better common-sense regulations. However, Ed Leonsis, majority owner of the NHL’s Washington Capitals and the NBA’s Washington Wizards, warns gambling enthusiasts and lawmakers alike to not become to tangled in the speculating how detrimental legalized sports wagering could be. He instead emphasized how important it is to rely instead on a fact- and data-based perspective, and that the industry should be treated no differently than Wall Street.

Will Legalized Sports Betting Help NASCAR in 2019?

Written By: Kayla Sherrell

NASCAR track promoters across the United States are waiting in anticipation to see how the impact of the new regulations and legalization of sports betting will be reflected in the iconic American sport. Everyone involved in the National Association for Stock Car Auto Racing – from promoters, drivers, and crew to the millions of loyal fans – are hopeful that legal sports wagering will provide a much-needed boost to NASCAR’s dwindling fan base. Legal gambling will give spectators a new reason to come to the tracks, and hopefully breath new life into one of America’s favorite past times.

Legalization of Sports Gambling

In the aftermath of the U.S. Supreme Court decision on May 14th which sanctioned states to choose whether or not to permit sports wagering of any kind in their territories, the sports betting scene was drastically altered. The Supreme Court definitively catalyzed this change in scenery by overturning a law that had previously barred the majority of states from permitting the legal wagering on sports.

Many states – including Delaware, Mississippi, and West Virginia – have leapt on the opportunity to endorse full-scale sports betting. This is giving rise to a nationwide competitive industry for sports wagering, and NASCAR wants to make sure it gets in on the action.

NASCAR Maneuvers Toward New Gambling Laws

NASCAR and other sports organizations are reacting to the change in law by putting their own touch-and-go regulations into place, anticipating that sports betting will soon become a very popular recreation. Steve Phelps, the recently-appointed President of NASCAR, announced that the series will be implementing new guidelines concerning sports betting in the rulebook in 2019. He indicated that some rules will be put in place for sponsorship, and may include policies such as barring driver and other team members from betting on NASCAR races.

Despite these restrictions, NASCAR has made some early maneuvers towards embracing sports betting. This includes a prototype program at the Dover International Speedway, which recently opened up an on-site betting kiosk. Dover International Speedway has now become the first and only track to allow sports gambling to take place on its property – and, for the first time, NASCAR fans could legally place bets on the races at a trackside kiosk.

What Does Legal Gambling Mean for NASCAR?

So far, things are looking up for NASCAR due to the legalization of sports betting. The opening of the Dover International Speedway kiosk was reported as a success, with a crowed of fans and gamblers lining up at the kiosk hours before the race.

NASCAR doesn’t just offer spectators the opportunity to bet on their favorite driver to win. To add a new element of excitement, NASCAR’s pilot program allows wagering on who’s going to win, who will win the first or separate segments, or one-on-one bets such as betting between drivers. And to nobody’s surprise, people loved it. Gamblers took advantage of NASCAR’s strategic gambling model and placed bets on more than just the expected winners of the overall race.

The legalization of sports wagering has the potential of retaining fleeting NASCAR fans and attracting new spectators that enjoy gambling. Sports betting will bring new comers to the track, whether they are fans or sponsors, and give them a reason to invest in the sport. But, most importantly, it offers up the opportunity for NASCAR to breathe new life into a classic American sport.